Pensions
Local Government Pension Funded Ratios Hold Steady Amid COVID-19
But financial strains on governments could make it harder to pay required contributions.
But financial strains on governments could make it harder to pay required contributions.
Market downturn could be the final straw for struggling public pension plans.
As defined benefit plans shrink, supplemental plans are growing – but full participation may be hard to achieve without automatic enrollment.
The best third is 90% funded, and the worst third is at 55% and falling, a new study says.
Report says pension cuts reduce the public sector’s ability to compete for new employees.